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Revenues

SNAP

Snap Inc. (NASDAQ:SNAP) shares surged after reporting Q1 earnings that exceeded expectations with earnings of 3 cents per share against an expected loss of 5 cents, and sales of $1.195 billion, surpassing estimates by 6.74%. The company also reported a 10% year-over-year increase in daily active users to 422 million and provided Q2 revenue guidance between $1.225 billion and $1.255 billion, above the analyst estimate of $1.14 billion.

Portfolio Pulse from Erica Kollmann

April 25, 2024 | 8:42 pm

ACCD

Accolade provided its Q1 revenue forecast to be between $103M-$106M, which is below the estimated $110.86M. However, for FY24, Accolade projects its revenue to be between $480M-$500M, surpassing the estimated $413.5M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:42 pm

EIG

Employers Holdings (NYSE:EIG) reported Q1 2024 earnings of $0.67 per share, missing the consensus estimate of $0.71 by 5.63%. However, their quarterly sales of $223.100M exceeded expectations of $217.457M by 2.60%, marking an 8.04% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:33 pm

CUBE

CubeSmart (NYSE:CUBE) reported Q1 2024 FFO of $0.64 per share, missing the consensus estimate of $0.65 by 1.54%. However, their quarterly sales of $261.406M exceeded the estimate of $242.356M by 7.86%, marking a 1.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:27 pm

JOANQ

Joann Inc. has received court approval for its prepackaged recapitalization plan, a significant step in restructuring its finances. This approval will allow Joann to reorganize its debt and equity structure, aiming to improve its financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:21 pm

EW

Edwards Lifesciences projects its FY24 adjusted EPS to be between $2.70 and $2.80, compared to the estimated $2.76, and anticipates revenues to range from $6.3 billion to $6.6 billion, versus the estimated $6.516 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:20 pm

SNAP

Snap Inc. projects Q2 revenues to be between $1.225B and $1.255B, surpassing the estimated $1.14B. The company anticipates DAU to reach 431 million in Q2, aiming for 15% to 18% year-over-year revenue growth. Adjusted EBITDA is expected to be between $15M and $45M, reflecting Snap's investment plans and efforts to enhance its DR advertising platform for better advertiser outcomes.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:12 pm

TDOC

Teledoc forecasts its Q2 2024 revenue to be between $635M and $660M, falling short of the $662.55M estimate. Additionally, the company projects its FY24 revenue to range from $2.635B to $2.735B, which is below the expected $2.76B.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:11 pm

WDC

Western Digital forecasts Q4 2024 EPS of $0.90-$1.20, surpassing the $0.84 estimate, with revenue expectations of $3.6B-$3.8B against a $3.69B estimate. The company anticipates a gross margin of 31.5%-33.5% on a GAAP basis and 32%-34% on a Non-GAAP basis, with operating expenses between $770M-$800M (GAAP) and $670M-$690M (Non-GAAP). Interest and other expenses are expected to be around $105M, with Non-GAAP income tax expenses projected at $30-$40M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:11 pm

NRDS

Nerdwallet projects its Q2 2024 revenue to be between $147M and $152M, surpassing the estimated $145.810M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:09 pm